Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. As of today (2024-04-27), Gabelli Global Utility &ome Trust's Beta is -0.27.
Gabelli Global Utility &ome Trust Beta Historical Data
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of Gabelli Global Utility &ome Trust's Beta
For the Asset Management subindustry, Gabelli Global Utility &ome Trust's Beta, along with its competitors' market caps and Beta data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Gabelli Global Utility &ome Trust's Beta Distribution in the Asset Management Industry
For the Asset Management industry and Financial Services sector, Gabelli Global Utility &ome Trust's Beta distribution charts can be found below:
* The bar in red indicates where Gabelli Global Utility &ome Trust's Beta falls into.
Gabelli Global Utility &ome Trust Beta Calculation
Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. A stock's beta can be calculated by dividing the product of the covariance of the individual stock's returns and the market's returns by the variance of the market's returns over a specified period. Basically, GuruFocus uses the returns calculated over three-year period.
Gabelli Global Utility &ome Trust (AMEX:GLU) Beta Explanation
Beta is a measure of the volatility, or systematic risk, of a security or a portfolio in comparison to the market as a whole. We usually compare beta to 1. A beta of 1 indicates that the security's price will move with the market. A beta of less than 1 means that the security will be less volatile than the market. A beta of greater than 1 indicates that the security's price will be more volatile than the market.
Beta is primarily used in the Capital Asset Pricing Model (CAPM) to calculate the Cost of Equity, which can be used in the calculation of WACC %. The formula of Cost of Equity is:
Cost of Equity = Risk-Free Rate of Return + Beta of Asset * (Expected Return of the Market - Risk-Free Rate of Return)
Gabelli Global Utility &ome Trust Beta Related Terms
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Gabelli Global Utility &ome Trust (Gabelli Global Utility &ome Trust) Business Description
Gabelli Global Utility & Income Trust is a non-diversified, closed-end management investment company. The Fund's objective is to seek a consistent level of after-tax total return. It primarily invests in stocks of companies involved to a substantial extent in providing products, services, or equipment for the generation or distribution of electricity, gas, or water and infrastructure operations, and in equity securities including preferred securities of companies in other industries, in each case in such securities that are expected to pay periodic dividends.
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